NEW YORK, NY / ACCESSWIRE / August 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Bumble Inc. ("Bumble") (NASDAQ:BMBL) concerning possible violations of federal securities laws. Bumble announced on August 7, 2024, its second-quarter results and adjusted guidance for the full year, significantly lowering its revenue growth expectations.
Bumble shares slumped nearly 36% to a fresh record low after the women-centric dating app slashed its annual sales growth forecast and paused some revenue-generation efforts, turning the spotlight on the pace of a turnaround.
NEW YORK, NY / ACCESSWIRE / August 9, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bumble Inc. ("Bumble" or "the Company") (NASDAQ:BMBL). Investors who purchased Bumble securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BMBL.
NEW YORK, NY / ACCESSWIRE / August 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Bumble Inc. ("Bumble") (NASDAQ:BMBL) concerning possible violations of federal securities laws. Bumble announced on August 7, 2024, its second-quarter results and adjusted guidance for the full year, significantly lowering its revenue growth expectations.
Bumble, the women-centric dating app that once enjoyed a strong market presence, has recently seen its fortunes take a sharp downturn. On August 8, Bumble shares crashed nearly 33%, hitting a record low after the company lowered its annual sales growth and 2024 revenue guidance.
NEW YORK, NY / ACCESSWIRE / August 8, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Bumble Inc. ("Bumble") (NASDAQ:BMBL) concerning possible violations of federal securities laws. Bumble announced on August 7, 2024, its second-quarter results and adjusted guidance for the full year, significantly lowering its revenue growth expectations.
Bumble stock crashed nearly 40% after resetting its outlook for FY24. The company is now expecting only 1-2% y/y revenue growth for the year versus a prior expectation of 8-11% y/y growth. Bumble is shifting its strategy to require more robust profiles and pulling back on certain marketing investments.
Shares of Bumble (BMBL) tumbled to their all-time low Thursday after the online dating service slashed its guidance as customers spent less on it.
Bumble Inc. BMBL reported worse-than-expected second-quarter revenue results on Wednesday.
The dating app stock plummeted after a disappointing report raised questions about future demand for its product.
Bumble shares slumped 35% in premarket trading after the women-centric dating app cut its annual revenue growth forecast, stoking concerns about its efforts to turn around the business.
Bumble Inc (NASDAQ:BMBL) shed almost a third of its value overnight after slashing revenue forecasts and stoking fears that an overhaul of the dating app had failed to prompt growth. Shares fell 30.5% to US$5.60 in extended trading after the update in second-quarter results.